2006 Ferrari FXX Evoluzione Fetches $2.1 Million

The 2006 Ferrari FXX Evoluzione made good on its promise to rein in over 2 million dollars at auction. It didn't quite make it to the estimated $2.5 million, but it came close, fetching a $2.09 million dollar price at auction last weekend. The FXX was the flagship of a private collection from the late Benny Caiola. The Ferrari led a pack of eight cars that topped million-dollar bids at the auction, and its $2.09 million selling price was the highest at the 2011 Scottsdale Auction Week.

David Gooding, president and founder of Gooding & Co., predicted that this would be but one example of strong auction sales this year, explaining: "Strong 2011 auction sales will result from an increasing demand for preservation-class quality cars." He was using last week's sale of a 1953 Fiat 8V Supersonic and a 1962 Mercedes-Benz 300 SL Roadster as examples.

Of course, David Gooding is president and founder of an auction company, so he's likely to say something like that.

But in this case, the proof is in the pudding, so to speak. In addition to the record-setting Ferrari, the Scottsdale event saw the aforementioned Fiat 8V Supersonic sell for $1.7 million, a 1930 Duesenberg Model J Dual Cowl sell for $1.5 million, and a 1962 Mercedes 300 SL Roadster sell for just under one million ($951,500). Overall Gooding brought in nearly $35 million with the sale of 121 vehicles.

Known for bucking the trend of collecting classics, Caiola's FXX Evoluzione demonstrated his taste for newer, rare Ferraris. Described as Ferrari's most advanced production car ever, the FXX Evoluzione was based on the Enzo and pulled 860 horses out of a 6.3-liter V12 engine. Only 30 examples of the track car were ever made.

Other million-dollar Ferraris sold at the Scottsdale Auction included a 1965 Ferrari 275 GTB Alloy Long Nose, a 1967 Ferrari 275 GTB/4, and a 1972 Ferrari 365 GTS/4 Daytona Spyder. For a full list of the more than 120 vehicles sold at the auction, visit Gooding & Company's website (linked below).